---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-094785"
form_type: "8-K"
ticker: "QMCO"
cik: "0000709283"
company_name: "QUANTUM CORP /DE/"
filed_at: "2024-04-12T23:59:59+00:00"
generated_at: "2026-06-03T23:40:41.714708+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Quantum reports $26.1M cash, $87.9M debt; sells assets for $15M, Nasdaq delisting stay granted

## Summary
- Cash and equivalents $26.1M; term loan $87.9M; revolver borrowings $26.6M; Q4 interest $4.1M.
- Sold service inventory for ~$15M on Apr 2, used proceeds to pay down ~$12.3M debt.
- Nasdaq granted stay of delisting pending hearing on May 14, 2024; working to regain compliance.
- Board member Marc Rothman retiring by Aug 31, 2024 or annual meeting; director search underway.
- Completed new ERP system implementation; expects reduced capex and operational efficiencies.

## SEC filing metadata
- accession: 0001193125-24-094785
- form_type: 8-K
- ticker: QMCO
- cik: 0000709283
- company_name: QUANTUM CORP /DE/
- filed_at: 2024-04-12T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/709283/000119312524094785/0001193125-24-094785-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/709283/000119312524094785/d806220d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-094785
- JSON: https://secwatch.observer/filing/0001193125-24-094785.json
- Plain text: https://secwatch.observer/filing/0001193125-24-094785.txt

## Key facts
- Earnings Releases
  QUANTUM CORP /DE/ reported preliminary financial results for the quarter ended March 31, 2024.
  - Period: the quarter ended March 31, 2024
  - Result: preliminary results
  source text: On April 12, 2024, Quantum Corporation (the “Company”) provided an update on its liquidity for the quarter ended March 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/709283/000119312524094785/0001193125-24-094785-index.htm
- Executive change
  Marc E. Rothman retired as Member of the Board of Directors at QUANTUM CORP /DE/.
  - Action: retired
  - Role: Member of the Board of Directors
  source text: On April 8, 2024, Marc E. Rothman, a member of the Board of Directors (the “Board”) of the Company, informed the Company of his decision to retire from the Board, effective as of the earlier of August 31, 2024 and the date of the Company’s 2024 annual meeting of stockholders.
  evidence_url: https://www.sec.gov/Archives/edgar/data/709283/000119312524094785/0001193125-24-094785-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.